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Islamic Finance Briefing - Categorized | Banking, Performance more

Sharjah Islamic Bank net profit up by 2.4pct and propose 7pct cash dividend

Posted on 21 January 2011

Sharjah Islamic Bank announced its 2010 results yesterday with net profit of Dhs266.4m, compared to Dhs260.1m in 2009, an increase of 2.4%, and proposing a cash dividend of 7% of the paid up capital, amounting to Dhs169.8m.
The total balance sheet footing reached Dhs16.7bn, up by Dhs692m or 4.3%, which is mainly due to the increases of customer’s deposits by Dhs518m, or 5.3%, to reach Dhs10.4bn, while customer’s financing portfolio decreased by Dhs368m, or 3.7% to reach Dhs9.7bn……………………………………….Full Press Release: Source

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